Love Inc Of Boone Co Inc

Love Inc Of Boone Co Inc maintains stable finances with no liabilities and consistent asset growth.

EIN: 205072512 · Lebanon, IN · NTEE: P20 · Updated: 2026-03-28

$286KRevenue

$372KAssets

85/100Mission Score (Excellent)

P20

About Love Inc Of Boone Co Inc

Love Inc Of Boone Co Inc (EIN: 205072512) is a nonprofit organization based in Lebanon, IN, classified under NTEE code P20. The organization reported total revenue of $286K and total assets of $372K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Of Boone Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Love Inc Of Boone Co Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $230,000 annually. The organization has maintained a healthy asset base, growing from $98,065 in 2016 to $377,037 in 2023, with no reported liabilities, indicating strong financial management and solvency. While expenses have occasionally exceeded revenue, such as in 2023 ($262,112 expenses vs. $216,046 revenue) and 2016 ($230,366 expenses vs. $180,106 revenue), these appear to be managed fluctuations rather than persistent deficits, likely covered by prior year surpluses or reserves. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator of resource allocation directly to mission, though it also means less detail is available on leadership costs.

The organization's spending efficiency appears reasonable, with expenses generally aligning with revenue. The absence of reported liabilities is a significant strength, showcasing fiscal prudence. Transparency is good through consistent IRS 990 filings, providing a clear historical financial picture. The lack of reported officer compensation, while potentially positive for resource allocation, also means less insight into the specific costs associated with top leadership, which could be a minor point for enhanced transparency if any compensation is indeed provided below reporting thresholds. Overall, Love Inc Of Boone Co Inc appears to be a financially sound and responsibly managed nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Love Inc Of Boone Co Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Love Inc Of Boone Co Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all filings, suggesting a volunteer-led executive team or compensation levels below IRS reporting thresholds, which indicates a high proportion of resources are directed to programs rather than executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Love Inc Of Boone Co Inc's IRS 990 filings:

Expenses exceeded revenue in some recent years (e.g., 2023: $262,112 expenses vs. $216,046 revenue), requiring reliance on reserves.

Strengths

The following positive indicators were identified for Love Inc Of Boone Co Inc:

Consistent asset growth, from $98,065 in 2016 to $377,037 in 2023.
Zero reported liabilities across all filings, indicating strong financial health and solvency.
0% officer compensation reported, suggesting high resource allocation to programs.
Consistent IRS 990 filing history, demonstrating good transparency.

Frequently Asked Questions about Love Inc Of Boone Co Inc

Is Love Inc Of Boone Co Inc financially stable?

Yes, Love Inc Of Boone Co Inc appears financially stable. They have consistently grown their assets from $98,065 in 2016 to $377,037 in 2023 and report $0 in liabilities across all available filings, indicating strong solvency.

How does Love Inc Of Boone Co Inc manage its expenses relative to revenue?

While revenue has fluctuated, expenses generally track revenue. In some years, like 2023, expenses ($262,112) exceeded revenue ($216,046), but the organization's substantial asset base ($377,037 in 2023) suggests these are managed and covered by reserves rather than indicating a persistent deficit.

What is the trend in the organization's assets?

The organization has shown a strong upward trend in assets, increasing from $98,065 in 2016 to $377,037 in 2023, demonstrating effective financial management and growth.

Filing History

IRS 990 filing history for Love Inc Of Boone Co Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Love Inc Of Boone Co Inc's revenue has grown by 19%, moving from $182K to $216K. Total assets increased by 194.3% over the same period, from $128K to $377K. Total functional expenses rose by 133.7%, from $112K to $262K. In its most recent filing year (2023), Love Inc Of Boone Co Inc reported a deficit of $46K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$216K	$262K	$377K	$0	—	—
2022	$297K	$248K	$423K	$0	—	View 990
2021	$251K	$212K	$373K	$0	—	View 990
2020	$324K	$206K	$334K	$0	—	View 990
2019	$203K	$176K	$216K	$0	—	View 990
2018	$205K	$158K	$189K	$0	—	View 990
2017	$218K	$174K	$141K	$0	—	View 990
2016	$180K	$230K	$98K	$0	—	View 990
2015	$187K	$221K	$148K	$0	—	View 990
2014	$244K	$206K	$183K	$0	—	View 990
2013	$197K	$175K	$145K	$0	—	View 990
2012	$166K	$137K	$124K	$2K	—	View 990
2011	$182K	$112K	$128K	$35K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $216K, expenses of $262K, and assets of $377K (revenue -27.3% year-over-year).
2022: Revenue of $297K, expenses of $248K, and assets of $423K (revenue +18.3% year-over-year).
2021: Revenue of $251K, expenses of $212K, and assets of $373K (revenue -22.5% year-over-year).
2020: Revenue of $324K, expenses of $206K, and assets of $334K (revenue +59.8% year-over-year).
2019: Revenue of $203K, expenses of $176K, and assets of $216K (revenue -1.1% year-over-year).
2018: Revenue of $205K, expenses of $158K, and assets of $189K (revenue -5.6% year-over-year).
2017: Revenue of $218K, expenses of $174K, and assets of $141K (revenue +20.8% year-over-year).
2016: Revenue of $180K, expenses of $230K, and assets of $98K (revenue -3.5% year-over-year).
2015: Revenue of $187K, expenses of $221K, and assets of $148K (revenue -23.4% year-over-year).
2014: Revenue of $244K, expenses of $206K, and assets of $183K (revenue +23.6% year-over-year).
2013: Revenue of $197K, expenses of $175K, and assets of $145K (revenue +19.1% year-over-year).
2012: Revenue of $166K, expenses of $137K, and assets of $124K (revenue -8.7% year-over-year).
2011: Revenue of $182K, expenses of $112K, and assets of $128K.

Data Sources and Methodology

This transparency report for Love Inc Of Boone Co Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.